ZIP 44106 - 860Z200US44106 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 44106, located in the heart of Cleveland, Ohio, understanding the area’s demographic and housing landscape is essential. This snapshot, based on 2023 data, offers a clear view of the population, income levels, housing metrics, and racial composition of this vibrant community. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights can help you make informed decisions about living, working, or investing in ZIP 44106.

Population & Households

ZIP 44106 is home to a population of 24,704 residents, making it a moderately sized community with a mix of urban energy and neighborhood charm. These residents are distributed across 11,041 households, reflecting a diverse range of family structures and living arrangements. With 13,287 total housing units in the area, there’s a notable difference between occupied and available units, which could signal opportunities for buyers or investors looking for properties in this ZIP code.

Income & Housing Costs

The median household income in ZIP 44106 stands at $42,869, which provides a sense of the economic baseline for residents. This figure is crucial for understanding affordability and purchasing power in the area, especially for small-business owners gauging potential customer spending. On the housing front, the median house value is $241,600, offering a perspective on property investment potential. For renters, the median rent is $1,024 per month, which reflects the cost of living for those not ready to buy. These metrics suggest a market with a range of housing options, catering to different budgets and preferences.

Race & Ethnicity

ZIP 44106 boasts a richly diverse population, with a racial composition that highlights a balanced mix of backgrounds. Black residents make up 40.68% of the population, closely followed by White residents at 38.74%. Asian individuals account for 11.05%, while Hispanic or Latino residents represent 3.98%. This diversity shapes the cultural fabric of the area, offering a unique blend of perspectives and experiences that can enrich community life and business opportunities alike.

Key Facts

• Total population in ZIP 44106: 24,704 residents.
• Total households: 11,041, indicating a variety of living arrangements.
• Total housing units: 13,287, with some units potentially available for purchase or rent.
• Median household income: $42,869, reflecting the area’s economic profile.
• Median house value: $241,600, a key figure for real estate decisions.
• Median rent: $1,024 per month, relevant for renters and landlords.
• Racial diversity: Black (40.68%), White (38.74%), Asian (11.05%), Hispanic (3.98%).

What This Means for You

For homebuyers, ZIP 44106 offers a range of housing options with a median value of $241,600, which could be attractive depending on your budget and long-term plans. The diversity of the community also means a culturally rich environment to call home. Real estate investors and agents should note the gap between total housing units (13,287) and occupied households (11,041), as it may point to vacant properties or rental opportunities. The median rent of $1,024 suggests a steady rental market for potential landlords. Small-business owners can leverage the area’s diverse population of 24,704 and median income of $42,869 to tailor products or services to a varied customer base with moderate spending power. Finally, analysts can use these metrics to benchmark ZIP 44106 against other areas for deeper market or demographic studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 44106? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, housing, and economic data tailored to your needs.
• Use the insights to make smarter decisions for your home purchase, investment, or business strategy.